WallStSmart

Codere Online US Corp (CDRO)vsFlutter Entertainment plc (FLUT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Flutter Entertainment plc generates 8056% more annual revenue ($17.16B vs $210.41M). CDRO leads profitability with a 0.6% profit margin vs -4.4%. FLUT earns a higher WallStSmart Score of 46/100 (D+).

CDRO

Avoid

29

out of 100

Grade: F

Growth: 8.0Profit: 4.5Value: 4.0Quality: 5.5
Piotroski: 2/9Altman Z: 0.91

FLUT

Hold

46

out of 100

Grade: D+

Growth: 5.3Profit: 2.0Value: 5.7Quality: 3.5
Piotroski: 3/9Altman Z: 1.29
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for CDRO.

FLUTSignificantly Overvalued (-27.2%)

Margin of Safety

-27.2%

Fair Value

$113.45

Current Price

$100.56

$12.89 premium

UndervaluedFair: $113.45Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CDRO1 strengths · Avg: 10.0/10
Debt/EquityHealth
0.0510/10

Conservative balance sheet, low leverage

FLUT2 strengths · Avg: 9.0/10
PEG RatioValuation
0.1910/10

Growing faster than its price suggests

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Areas to Watch

CDRO4 concerns · Avg: 3.3/10
Price/BookValuation
12.8x4/10

Trading at 12.8x book value

Market CapQuality
$423.78M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
3.8%3/10

ROE of 3.8% — below average capital efficiency

Profit MarginProfitability
0.6%3/10

0.6% margin — thin

FLUT4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
3.3%4/10

3.3% revenue growth

Debt/EquityHealth
1.443/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-9.1%2/10

ROE of -9.1% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : CDRO

The strongest argument for CDRO centers on Debt/Equity.

Bull Case : FLUT

The strongest argument for FLUT centers on PEG Ratio, Price/Book. PEG of 0.19 suggests the stock is reasonably priced for its growth.

Bear Case : CDRO

The primary concerns for CDRO are Price/Book, Market Cap, Return on Equity. A P/E of 233.0x leaves little room for execution misses. Thin 0.6% margins leave little buffer for downturns.

Bear Case : FLUT

The primary concerns for FLUT are Revenue Growth, Debt/Equity, Piotroski F-Score.

Key Dynamics to Monitor

CDRO profiles as a value stock while FLUT is a turnaround play — different risk/reward profiles.

FLUT carries more volatility with a beta of 1.07 — expect wider price swings.

CDRO is growing revenue faster at 6.6% — sustainability is the question.

FLUT generates stronger free cash flow (189M), providing more financial flexibility.

Bottom Line

FLUT scores higher overall (46/100 vs 29/100). Both earn "Hold" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Codere Online US Corp

CONSUMER CYCLICAL · GAMBLING · USA

Codere Online Luxembourg, SA, operator of online games and sports betting in Latin America. The company is headquartered in Luxembourg.

Flutter Entertainment plc

CONSUMER CYCLICAL · GAMBLING · USA

Flutter Entertainment plc is a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company is headquartered in Dublin, Ireland.

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